X0303 4 2009-06-25 0 0000003982 Allis Chalmers Energy Inc. ALY 0001352001 Tankel Zane 550 MAMARONECK AVE., #101 HARRISON NY 10528 1 0 0 0 Common Stock 2009-06-25 4 M 0 104280 2.5 A 183280 D Subscription Rights (Right to Buy) 2.5 2009-06-25 4 M 0 104280 0 D 2009-06-03 2009-06-19 Common Stock 104280 0 D The number of shares shown as beneficially owned includes an adjustment of 2,500 additional shares inadvertently omitted. The Reporting Person received at no cost from the Issuer, rights to purchase one share of common stock for every share of common stock owned plus rights to subscribe for additional shares up to 32% of the shares of common stock for which it was otherwise entitled to subscribe in the event not all shares of common stock were subscribed for initially. This Form 4 reports the exercise of subscription rights by the Reporting Person. Receipt of subscription rights was not reported because such receipt is exempt under rule 16a-9(b). /s/ Theodore F. Pound III through POA 2009-06-29